Flood levels in the Australian city of Brisbane failed to reach the catastrophic levels forecast on Thursday.
They had been expected to exceed levels that submerged the city in 1974.
Dozens of suburbs remain underwater with the threat of fresh floods ahead.
As many as 12,000 homes in the city have been flooded and over 100,000 buildings are without power.
What I’m seeing looks more like a war zone in some places,” Queensland Premier Anna Bligh was quoted as saying by the Reuters news agency.
“This morning as I look across not only the capital city, but three-quarters of my state, we are facing a reconstruction effort of post-war proportions.”
Officials in Queensland warned of the real risk of further flooding in the coming weeks.
The wet season is far from over and dams constructed to protect the city and the surrounding areas are close to bursting point.
The floods have killed at least 18 people with 78 still missing.
The town of Toowoomba and the Lockyer Valley region, west of Brisbane, have been completely swamped.
It is expected the clean-up and reconstruction will take years.